Netflix announced a massive deal to acquire Warner Bros. Discovery Inc., a company that controls huge entities like HBO and CNN.

Which networks Netflix will control, however, is a bit complicated.

Warner Bros. put itself up for sale last month, and as Blaze News reported , was simultaneously being eyed for acquisition by Amazon.

'Our mission has always been to entertain the world.'

Netflix has seemingly won the battle though, with a cash and stock transaction valued at $27.75 per share for Warner Bros. Discovery, totaling approximately $82.7 billion, which equates to an equity value of $72 billion after debt, according to CNN and Netflix .

The deal is expected to close in Q3 2026, which will give WBD a chance to conclude the separation of its company, which has huge implications

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